Post
Replies
Based on the logic of the continued existence of US debt, the only proven effective base for RWA and the so-called RWAFi is US debt. The fixed income support behind it is mainly due to the current US dollar pricing system in the cryptocurrency market and the guarantee of the political and military power of the US authoritarian government.
In such a turbulent and volatile market, crypto players must master a way of thinking, that is, the ripple thinking path. If you regard an event as an inducing factor, it will gradually spread like a stone thrown into the water, and the corresponding person/asset/market/token/project/ecosystem will be affected by the conduction of the gradually spreading water ripples. Including the decentralized trust crisis encountered by Hyperliquid due to the JELLYJELLY short order incident, it is also a very intuitive case experience. To be able to do this, crypto players need to develop good thinking habits and information acumen. My personal suggestion is to draw more circle diagrams, which is very helpful for improving conductive thinking.
Compared with previous cycles, this bull market cycle that started in 2023 has more thoroughly disenchanted VC institutions. But at present, there is no intuitive good or bad saying about this trend. Entering the crypto market in 2025, especially after the notorious Meme coins such as TRUMP, MELANIA, and LIBRA have carried out an unprecedented series of harvests on new entrants, the crypto crowd is currently playing a fool's game of passing the parcel.